MacKay Shields LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), MacKay Shields LLC reported 49 stock positions worth $498.8 million. Its top holding was Nuveen Amt-FR QLTY Muni (XNEAX) at 9.1% of the portfolio, followed by Nuveen Municipal Credit (NZF, 7.4%) and iShares Gold Trust (IAU, 6.8%). Compared with Q3 2024, it opened 2 new positions, sold out of 1, added to 1 and reduced 22. The biggest buy was a new position in Zillow Class C (Z) and the biggest sale Gulfport Energy (GPOR, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0000061227
- Portfolio Value
- $498.8M (Q4 2024)
- SEC Filing
- 0001085146-25-000721 ↗ filed Feb 4, 2025
Holdings Value
Holdings 49 stocks · $498.8M
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 9.14% | 4,041,001 | $45.6M | Add +0.9% |
| NZF Nuveen Municipal Credit Inc. | 7.44% | 3,047,961 | $37.1M | Reduce -1.3% |
| IAU iShares Gold Trust | 6.85% | 690,000 | $34.2M | Reduce -25.8% |
| TALO Talos Energy Inc. | 6.10% | 3,132,176 | $30.4M | No change |
| NVG Nuveen Amt-FR Muni CRDT | 6.05% | 2,462,852 | $30.2M | Reduce -0.1% |
| BTT BlackRock 2030 Muni TRGT TRM | 5.79% | 1,401,701 | $28.9M | No change |
| NAD Nuveen Quality Municipal Inc. | 5.23% | 2,238,289 | $26.1M | No change |
| NAC Nuveen Ca QLTY Muni Inc. | 5.04% | 2,225,404 | $25.1M | No change |
| MHD BlackRock Muniholdings Fund | 4.49% | 1,919,567 | $22.4M | Reduce -0.1% |
| DHR Danaher Corp. | 3.53% | 76,712 | $17.6M | Reduce -48.9% |
| Z Zillow Group Inc. Class C | 3.51% | 236,272 | $17.5M | New |
| FET Forum Energy Technologies Inc. | 2.83% | 911,294 | $14.1M | Reduce -2.8% |
| MUJ BlackRock Munihold NJ QLTY | 2.78% | 1,251,050 | $13.8M | Reduce -0.7% |
| MHN BlackRock Muniholding NY QLT | 2.48% | 1,194,054 | $12.3M | Reduce -0.1% |
| XMVFX BlackRock Munivest Fund | 2.17% | 1,534,563 | $10.8M | Reduce -3.5% |
| VOD Vodafone Group PLC-SP ADR | 1.98% | 1,166,022 | $9.9M | No change |
| XMQTX BlackRock Muniyield QLTY II | 1.96% | 992,085 | $9.8M | Reduce 0.0% |
| MYN BlackRock Muniyield NY QLTY | 1.89% | 937,524 | $9.5M | No change |
| NRK Nuveen NY Amt-FR Muni Inc. | 1.67% | 797,635 | $8.3M | No change |
| MIY BlackRock Muniyield Mi QLTY | 1.49% | 664,819 | $7.4M | No change |
| XMHIX Pioneer Muni High Inc. TR | 1.47% | 793,604 | $7.3M | Reduce -0.4% |
| CWB SS SPDR BB Conv Sec ETF | 1.47% | 93,907 | $7.3M | New |
| XPMAX Pioneer Municipal High Inc. | 1.38% | 814,432 | $6.9M | Reduce -0.2% |
| GLD SPDR Gold Shares | 1.23% | 25,336 | $6.1M | Reduce -33.0% |
| BFK BlackRock Municipal Inc. TRST | 1.09% | 551,983 | $5.4M | No change |
| MQY BlackRock Muniyield Quality | 0.83% | 357,837 | $4.1M | No change |
| VFL Abrdn National Municipal Inc. | 0.82% | 401,695 | $4.1M | No change |
| XENWX Eaton Vance New York Municip | 0.81% | 426,471 | $4.1M | No change |
| XMYDX BlackRock Muniyield Fund | 0.81% | 388,753 | $4.0M | No change |
| VKI Invesco Adv Muni Inc. TR II | 0.78% | 445,008 | $3.9M | No change |
| VGM Invesco Trust for Investmen | 0.75% | 371,828 | $3.8M | Reduce -0.5% |
| GPOR Gulfport Energy Corp. | 0.73% | 19,682 | $3.6M | Reduce -90.1% |
| VKQ Invesco Municipal Trust | 0.65% | 328,653 | $3.2M | Reduce -1.3% |
| EIM Eaton Vance Municipal Bond | 0.57% | 274,253 | $2.8M | Reduce -0.6% |
| XNQPX Nuveen Pa QLTY Muni Inc. | 0.52% | 233,310 | $2.6M | No change |
| NBB Nuveen Taxable Municipal Inc. | 0.47% | 156,775 | $2.3M | Reduce -4.8% |
| XMUIX BlackRock Municipal Income | 0.46% | 189,123 | $2.3M | Reduce -80.7% |
| VMO Invesco Municipal Opport | 0.40% | 205,338 | $2.0M | No change |
| IQI Invesco Quality Muni Inc. TR | 0.37% | 188,306 | $1.9M | No change |
| MFM Aberdeen Municipal Income | 0.36% | 333,155 | $1.8M | No change |
| XBNYX BlackRock New York Muni Inc. | 0.33% | 162,186 | $1.7M | No change |
| KTF DWS Municipal Income Trust | 0.33% | 173,963 | $1.6M | Reduce -1.2% |
| BLE BlackRock Muni Inc. TR II | 0.32% | 151,601 | $1.6M | No change |
| MUC BlackRock Munihold Ca QLTY | 0.28% | 130,046 | $1.4M | Reduce -1.2% |
| NAN Nuveen NY QLTY Muni Inc. | 0.16% | 70,519 | $804K | No change |
| TPB Turning Point Brands Inc. | 0.08% | 6,802 | $409K | No change |
| BYM BlackRock Muni Inc. QLTY | 0.07% | 32,501 | $353K | No change |
| VPV Invesco Pa Val Muni Inc. | 0.03% | 15,557 | $160K | Reduce -74.3% |
| NINEQ Nine Energy Service Inc. | 0.03% | 120,184 | $135K | No change |
Other holdings (98): bonds, preferreds, convertibles and warrants · $2.9B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | 64,096,000 | $75.4M | Reduce -1.3% |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | 56,016,000 | $74.8M | Reduce -0.6% |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | 33,355,000 | $73.3M | Reduce -0.5% |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | 59,008,000 | $69.3M | Reduce -0.6% |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | 42,372,000 | $67.9M | Reduce -0.7% |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | 61,006,000 | $66.4M | New |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 68,581,000 | $65.9M | Reduce -1.8% |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | 62,804,000 | $64.7M | Reduce -1.0% |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 733,576 | $64.0M | Reduce -0.9% |
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 22,323,000 | $59.0M | No change |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | 61,741,000 | $57.5M | Reduce -14.9% |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | 41,936,000 | $57.2M | Reduce -1.1% |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | 58,510,000 | $56.8M | Reduce -15.6% |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | 56,297,000 | $53.2M | Reduce -0.7% |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | 13,954,000 | $51.1M | Reduce -0.5% |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | 39,532,000 | $50.9M | Reduce -0.9% |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | 54,615,000 | $50.8M | Reduce -1.5% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 1,216,811 | $50.2M | Reduce -1.7% |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 41,232,000 | $50.0M | Reduce -0.7% |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | 44,125,000 | $47.7M | Reduce -0.8% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | NOTE 1.125% 2/1 · principal | 45,148,000 | $46.9M | No change |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | 53,680,000 | $44.4M | Add +0.6% |
| ADVANCED ENERGY IND (AEIS 2.5 09/15/28) | NOTE 2.500% 9/1 · principal | 40,132,000 | $43.9M | No change |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 46,830,000 | $43.5M | Reduce -1.5% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 40,000,000 | $43.2M | New |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | 35,071,000 | $42.9M | Reduce -1.0% |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | 28,054,000 | $42.8M | Reduce -15.8% |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | 38,010,000 | $42.0M | New |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | 25,398,000 | $39.4M | Reduce -1.1% |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | 40,403,000 | $39.0M | Reduce -2.2% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 627,351 | $38.6M | New |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 37,955,000 | $38.2M | No change |
| PERMIAN RESOURC OPTG LLC (PR 3.25 04/01/28) | NOTE 3.250% 4/0 · principal | 15,149,000 | $38.2M | No change |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | 32,418,000 | $38.1M | Reduce -1.4% |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | 40,569,000 | $37.9M | Reduce -0.9% |
| TYLER TECHNOLOGIES INC (TYL 0.25 03/15/26) | NOTE 0.250% 3/1 · principal | 31,006,000 | $37.6M | No change |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | 37,554,000 | $36.4M | Reduce -1.4% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 29,964 | $36.4M | Reduce -1.7% |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | 30,140,000 | $36.3M | Add +0.1% |
| ROYAL CARIBBEAN CRUISES (RCL 6 08/15/25) | NOTE 6.000% 8/1 · principal | 7,825,000 | $36.3M | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 28,119 | $33.5M | Reduce -1.0% |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | 31,394,000 | $32.5M | Reduce -28.6% |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | 33,454,000 | $31.3M | Reduce -15.1% |
| SIRIUS XM HOLDINGS (SIRI 3.75 03/15/28) | NOTE 3.750% 3/1 · principal | 29,835,000 | $30.9M | No change |
| BURLINGTON STORES INC (BURL 1.25 12/15/27) | NOTE 1.250%12/1 · principal | 20,561,000 | $30.9M | No change |
| OIL STATES INTL INC (OIS 4.75 04/01/26) | NOTE 4.750% 4/0 · principal | 31,321,000 | $30.6M | No change |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | 24,522,000 | $30.5M | Reduce -1.3% |
| IONIS PHARMACEUTICALS IN (IONS 1.75 06/15/28) | NOTE 1.750% 6/1 · principal | 30,793,000 | $30.4M | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 30,000,000 | $29.1M | New |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | 405,562 | $28.8M | Reduce -0.9% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 484,147 | $27.1M | New |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | 26,453,000 | $26.9M | New |
| ENVISTA HOLDINGS CORP (NVST 1.75 08/15/28) | NOTE 1.750% 8/1 · principal | 29,591,000 | $26.6M | No change |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | 26,281,000 | $25.9M | Reduce -1.7% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 26,629,000 | $25.9M | No change |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 26,873,000 | $25.4M | Reduce -1.6% |
| DROPBOX INC (DBX 0 03/01/28) | NOTE 3/0 · principal | 24,613,000 | $25.2M | No change |
| EURONET WORLDWIDE INC (EEFT 0.75 03/15/49) | NOTE 0.750% 3/1 · principal | 24,415,000 | $24.3M | No change |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 25,725,000 | $24.0M | Add +1.5% |
| GREENBRIER COS INC (GBX 2.875 04/15/28) | NOTE 2.875% 4/1 · principal | 19,205,000 | $23.3M | No change |
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 25,539,000 | $22.4M | No change |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | 15,008,000 | $20.0M | New |
| BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | NOTE 2.250% 2/0 · principal | 22,799,000 | $19.6M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 309,251 | $19.4M | Reduce -1.2% |
| RIVIAN AUTO INC (RIVN 4.625 03/15/29) | NOTE 4.625% 3/1 · principal | 18,772,000 | $19.0M | Reduce -1.5% |
| WORKIVA INC (WK 1.25 08/15/28) | NOTE 1.250% 8/1 · principal | 17,070,000 | $18.1M | No change |
| AMERICAN AIRLINES GROUP (AAL 6.5 07/01/25) | NOTE 6.500% 7/0 · principal | 14,210,000 | $16.6M | No change |
| ALNYLAM PHARMACEUTICALS (ALNY 1 09/15/27) | NOTE 1.000% 9/1 · principal | 14,618,000 | $15.6M | Reduce -1.8% |
| IMPINJ INC (PI 1.125 05/15/27) | NOTE 1.125% 5/1 · principal | 9,965,000 | $14.2M | No change |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 13,787,000 | $13.3M | No change |
| RAPID7 INC (RPD 1.25 03/15/29) | NOTE 1.250% 3/1 · principal | 12,965,000 | $12.3M | No change |
| ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) | NOTE 1.000%12/0 · principal | 14,728,000 | $10.8M | Reduce -31.6% |
| Q2 HOLDINGS INC (QTWO 0.75 06/01/26) | NOTE 0.750% 6/0 · principal | 7,755,000 | $9.6M | No change |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | 9,068,000 | $9.0M | No change |
| ZIFF DAVIS INC (ZD 1.75 11/01/26) | NOTE 1.750%11/0 · principal | 9,110,000 | $8.6M | No change |
| BENTLEY SYSTEMS INC (BSY 0.125 01/15/26) | NOTE 0.125% 1/1 · principal | 8,106,000 | $7.9M | Add +1.1% |
| SOLAR EDGE TECHNOLOGIES (SEDG 0 09/15/25) | NOTE 9/1 · principal | 8,343,000 | $7.8M | No change |
| LIVE NATION ENTERTAINMEN (LYV 3.125 01/15/29) | NOTE 3.125% 1/1 · principal | 5,458,000 | $7.4M | Reduce -86.6% |
| SHIFT4 PAYMENTS INC (FOUR 0 12/15/25) | NOTE 12/1 · principal | 5,352,000 | $7.2M | Reduce -85.4% |
| VAIL RESORTS INC (MTN 0 01/01/26) | NOTE 1/0 · principal | 7,099,000 | $6.7M | Reduce -11.2% |
| NCL CORPORATION LTD (NCLH 5.375 08/01/25) | NOTE 5.375% 8/0 · principal | 4,445,000 | $6.3M | Reduce -6.2% |
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 6,391,000 | $6.3M | Reduce -5.6% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 6,596,000 | $6.3M | No change |
| EXPEDIA GROUP INC (EXPE 0 02/15/26) | NOTE 2/1 · principal | 6,177,000 | $6.2M | Add +6.0% |
| LUMENTUM HOLDINGS INC (LITE 0.5 12/15/26) | NOTE 0.500%12/1 · principal | 5,550,000 | $6.1M | Reduce -90.8% |
| UBER TECHNOLOGIES INC (UBER 0 12/15/25) | NOTE 12/1 · principal | 5,697,000 | $5.7M | Reduce -6.9% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 5,479,000 | $5.1M | Reduce -54.9% |
| EXACT SCIENCES CORP (EXAS 0.375 03/01/28) | NOTE 0.375% 3/0 · principal | 4,227,000 | $3.7M | Reduce -13.0% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.125 05/01/25) | NOTE 0.125% 5/0 · principal | 3,156,000 | $3.3M | Reduce -12.9% |
| BLOCK INC (XYZ 0.125 03/01/25) | NOTE 0.125% 3/0 · principal | 2,960,000 | $2.9M | Reduce -9.2% |
| IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) | NOTE 4/0 · principal | 2,914,000 | $2.8M | Reduce -11.1% |
| SOUTHERN CO (SO 3.875 12/15/25) | NOTE 3.875%12/1 · principal | 650,000 | $684K | No change |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | NOTE 2.875% 3/1 · principal | 500,000 | $523K | No change |
| DUKE ENERGY CORP (DUK 4.125 04/15/26) | NOTE 4.125% 4/1 · principal | 500,000 | $515K | No change |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 480,000 | $452K | No change |
| BILL HOLDINGS INC (BILL 0 12/01/25) | NOTE 12/0 · principal | 75,000 | $72K | No change |
| CHEGG INC (CHGG 0 09/01/26) | NOTE 9/0 · principal | 45,000 | $37K | No change |
| LIVE NATION ENTERTAINMEN (LYV 2 02/15/25) | NOTE 2.000% 2/1 · principal | 25,000 | $31K | New |
Total filed on the 13F, all lines: $3.4B.
Portfolio Sells Q3 2024 → Q4 2024
| GPOR Gulfport Energy Corp. | Reduce -90.1% | 0.73% | −4.45 |
| DHR Danaher Corp. | Reduce -48.9% | 3.53% | −3.66 |
| XMUIX BlackRock Municipal Income | Reduce -80.7% | 0.46% | −1.66 |
| IAU iShares Gold Trust | Reduce -25.8% | 6.85% | −1.10 |
| GLD SPDR Gold Shares | Reduce -33.0% | 1.23% | −0.35 |
| ARCC Ares Capital Corp. | Sold out | 0.00% | −0.10 |
| VPV Invesco Pa Val Muni Inc. | Reduce -74.3% | 0.03% | −0.09 |
| NBB Nuveen Taxable Municipal Inc. | Reduce -4.8% | 0.47% | +0.00 |
| MUC BlackRock Munihold Ca QLTY | Reduce -1.2% | 0.28% | +0.02 |
| KTF DWS Municipal Income Trust | Reduce -1.2% | 0.33% | +0.03 |
| VKQ Invesco Municipal Trust | Reduce -1.3% | 0.65% | +0.06 |
| EIM Eaton Vance Municipal Bond | Reduce -0.6% | 0.57% | +0.06 |
| VGM Invesco Trust for Investmen | Reduce -0.5% | 0.75% | +0.07 |
| XMVFX BlackRock Munivest Fund | Reduce -3.5% | 2.17% | +0.09 |
| XMQTX BlackRock Muniyield QLTY II | Reduce 0.0% | 1.96% | +0.11 |
| XPMAX Pioneer Municipal High Inc. | Reduce -0.2% | 1.38% | +0.13 |
| MUJ BlackRock Munihold NJ QLTY | Reduce -0.7% | 2.78% | +0.15 |
| XMHIX Pioneer Muni High Inc. TR | Reduce -0.4% | 1.47% | +0.16 |
| MHN BlackRock Muniholding NY QLT | Reduce -0.1% | 2.48% | +0.18 |
| MHD BlackRock Muniholdings Fund | Reduce -0.1% | 4.49% | +0.31 |
| FET Forum Energy Technologies Inc. | Reduce -2.8% | 2.83% | +0.34 |
| NVG Nuveen Amt-FR Muni CRDT | Reduce -0.1% | 6.05% | +0.37 |
| NZF Nuveen Municipal Credit Inc. | Reduce -1.3% | 7.44% | +0.47 |
Portfolio Buys Q3 2024 → Q4 2024
Notes & Other Activity Q3 2024 → Q4 2024
| MICROCHIP TECHNOLOGY INC (MCHP 0.125 11/15/24) | NOTE 0.125%11/1 · principal | Sold out | 77,438,000 | $77.4Mbefore exit |
| TETRA TECH INC (TTEK 2.25 08/15/28) | DBCV 2.250% 8/1 · principal | Reduce -1.3% | 64,096,000 | $75.4M |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | NOTE 2.625%12/1 · principal | Reduce -0.6% | 56,016,000 | $74.8M |
| NRG ENERGY INC (NRG 2.75 06/01/48) | DBCV 2.750% 6/0 · principal | Reduce -0.5% | 33,355,000 | $73.3M |
| ZILLOW GROUP INC (Z 1.375 09/01/26) | NOTE 1.375% 9/0 · principal | Sold out | 49,057,000 | $72.6Mbefore exit |
| POST HOLDINGS INC (POST 2.5 08/15/27) | NOTE 2.500% 8/1 · principal | Reduce -0.6% | 59,008,000 | $69.3M |
| INTEGER HOLDINGS CORP (ITGR 2.125 02/15/28) | NOTE 2.125% 2/1 · principal | Reduce -0.7% | 42,372,000 | $67.9M |
| PG&E CORP (PCG 4.25 12/01/27) | NOTE 4.250%12/0 · principal | New | 61,006,000 | $66.4M |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Reduce -1.8% | 68,581,000 | $65.9M |
| SOUTHWEST AIRLINES CO (LUV 1.25 05/01/25) | NOTE 1.250% 5/0 · principal | Reduce -1.0% | 62,804,000 | $64.7M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -0.9% | 733,576 | $64.0M |
| BIOMARIN PHARMACEUTICAL (BMRN 1.25 05/15/27) | NOTE 1.250% 5/1 · principal | Reduce -14.9% | 61,741,000 | $57.5M |
| PATRICK INDUSTRIES INC (PATK 1.75 12/01/28) | NOTE 1.750%12/0 · principal | Reduce -1.1% | 41,936,000 | $57.2M |
| FORD MOTOR COMPANY (F 0 03/15/26) | NOTE 3/1 · principal | Reduce -15.6% | 58,510,000 | $56.8M |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Reduce -0.7% | 56,297,000 | $53.2M |
| PALO ALTO NETWORKS (PANW 0.375 06/01/25) | NOTE 0.375% 6/0 · principal | Reduce -0.5% | 13,954,000 | $51.1M |
| CHEFS' WAREHOUSE THE (CHEF 2.375 12/15/28) | NOTE 2.375%12/1 · principal | Reduce -0.9% | 39,532,000 | $50.9M |
| CONMED CORP (CNMD 2.25 06/15/27) | NOTE 2.250% 6/1 · principal | Reduce -1.5% | 54,615,000 | $50.8M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -1.7% | 1,216,811 | $50.2M |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -0.7% | 41,232,000 | $50.0M |
| HALOZYME THERAPEUTICS IN (HALO 1 08/15/28) | NOTE 1.000% 8/1 · principal | Reduce -0.8% | 44,125,000 | $47.7M |
| CABLE ONE INC (CABO 1.125 03/15/28) | NOTE 1.125% 3/1 · principal | Add +0.6% | 53,680,000 | $44.4M |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | Reduce -1.5% | 46,830,000 | $43.5M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | New | 40,000,000 | $43.2M |
| LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) | NOTE 2.250% 8/1 · principal | Reduce -1.0% | 35,071,000 | $42.9M |
| MIRUM PHARMACEUTICALS (MIRM 4 05/01/29) | NOTE 4.000% 5/0 · principal | Reduce -15.8% | 28,054,000 | $42.8M |
| UBER TECHNOLOGIES INC (UBER 0.875 12/01/28 2028) | NOTE 0.875%12/0 · principal | New | 38,010,000 | $42.0M |
| DATADOG INC (DDOG 0.125 06/15/25) | NOTE 0.125% 6/1 · principal | Reduce -1.1% | 25,398,000 | $39.4M |
| DEXCOM INC (DXCM 0.25 11/15/25) | NOTE 0.250%11/1 · principal | Reduce -2.2% | 40,403,000 | $39.0M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 627,351 | $38.6M |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Reduce -1.4% | 32,418,000 | $38.1M |
| AMPHASTAR PHARMACEUTICAL (AMPH 2 03/15/29) | NOTE 2.000% 3/1 · principal | Reduce -0.9% | 40,569,000 | $37.9M |
| ETSY INC (ETSY 0.125 10/01/26) | NOTE 0.125%10/0 · principal | Reduce -1.4% | 37,554,000 | $36.4M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -1.7% | 29,964 | $36.4M |
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | NOTE 3.500% 6/0 · principal | Add +0.1% | 30,140,000 | $36.3M |
| ENVESTNET INC (ENV 2.625 12/01/27) | NOTE 2.625%12/0 · principal | Sold out | 33,199,000 | $35.3Mbefore exit |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -1.0% | 28,119 | $33.5M |
| TRANSMEDICS GROUP INC (TMDX 1.5 06/01/28) | NOTE 1.500% 6/0 · principal | Reduce -28.6% | 31,394,000 | $32.5M |
| ENPHASE ENERGY INC (ENPH 0 03/01/26) | NOTE 3/0 · principal | Reduce -15.1% | 33,454,000 | $31.3M |
| ZSCALER INC. (ZS 0.125 07/01/25) | NOTE 0.125% 7/0 · principal | Reduce -1.3% | 24,522,000 | $30.5M |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | New | 30,000,000 | $29.1M |
| CHART INDUSTRIES INC (GTLS 6.75 12/15/25 B) | 6.75DP CNV PFD B | Reduce -0.9% | 405,562 | $28.8M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | New | 484,147 | $27.1M |
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | NOTE 2.000% 6/1 · principal | New | 26,453,000 | $26.9M |
| CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) | NOTE 0.375% 6/1 · principal | Reduce -1.7% | 26,281,000 | $25.9M |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | Reduce -1.6% | 26,873,000 | $25.4M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Add +1.5% | 25,725,000 | $24.0M |
| MONGODB INC (MDB 0.25 01/15/26) | NOTE 0.250% 1/1 · principal | Sold out | 15,362,000 | $21.2Mbefore exit |
| WESTERN DIGITAL CORP (WDC 3 11/15/28) | NOTE 3.000%11/1 · principal | New | 15,008,000 | $20.0M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -1.2% | 309,251 | $19.4M |
Showing the first 50 of 71.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 19 | $252.3M | BTT, NINE, IAU, MYN, MHD |
| Q1 2026 | 27 | $267.2M | BTT, IAU, NINE, MYN, MHD |
| Q4 2025 | 39 | $319.0M | IAU, TALO, BTT, MHD, GPOR |
| Q3 2025 | 45 | $399.6M | IAU, BTT, TALO, MHD, GPOR |
| Q2 2025 | 49 | $482.1M | XNEAX, NZF, IAU, BTT, NVG |
| Q1 2025 | 49 | $513.6M | XNEAX, IAU, NZF, BTT, TALO |
| Q4 2024 | 49 | $498.8M | XNEAX, NZF, IAU, TALO, NVG |
| Q3 2024 | 48 | $581.2M | XNEAX, IAU, DHR, NZF, NVG |
| Q2 2024 | 48 | $564.9M | XNEAX, GPOR, IAU, TALO, DHR |
| Q1 2024 | 43 | $556.8M | GPOR, TALO, IAU, DHR, BTT |